user
Explain the term "supply chain"?

assistant
The term 'supply chain' refers to the flow of goods and services from the supplier to the customer. It encompasses the movement and storage of raw materials, work-in-process inventory, and finished goods from the beginning of the production process to the end user. It is a key part of a business's operations, since it has a direct impact on the customer experience and competitive advantage. The supply chain involves a variety of activities, such as procurement, production, inventory management, transportation, and distribution. The supply chain relies on effective logistics and process management to ensure that goods and services are delivered to the customer in a timely and efficient manner.